Tag: Business Management

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How to Build Trust and Loyalty as a Leader

Remember the old saying, "People don't quit jobs, they quit managers."?  It's similar when the people in charge are at fault.  Highly motivated and enthusiastic people, or people who want to make a change, give up because they don't feel their leadership sees the future in the best possible manner. That leadership does not take care of their interests or that leadership is not aligned with whatever the company promises.  About 79% of people would quit and seek new jobs because of bad leadership. In order to solve this problem, you want to make sure you're representing the best leadership… Continue Reading
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10 Hiring Paradigms to Consider in 2021

This year continues to be surprising even after all that we went through the past year. As a result, we had to shift the way we work, the way we think, the way we process information, and the way we pivot in business. Many of us had to go through a new process of hiring and managing people, dealing with stress, organizing events due to the semi-remote nature of work, finding different ways to communicate with one another, and so forth.  As a result, hiring in 2021 for most companies out there is a lot different as compared to what… Continue Reading
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How to Make Different Business Leadership Styles Work (With Case Studies)

Several thought leaders have referred to 2020 as the year of great reset. But if you want to be really strict about it, most of the biggest business shifts started way back at the onset of the 21st century.  Traditional business leaders who are banking on traditional business leadership styles in this new century needlessly risk losing their business to unhealthy age-old leadership practices. The pandemic just helped reiterate the need for business leaders to change the way they approach business problems primarily due to the following reasons: New technologiesPace of changeChanging demographics and employee expectationsChanging customer expectations The chart… Continue Reading
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8 Specific Tips to Work Around Business Meetings

Time is money. Time lost means money lost. Time wasted means money wasted.  One of the leading causes behind businesses losing and wasting a lot of time and money is the amount of time they spend in business meetings. Middle managers typically spend 35% of their time in meetings while those who belong to the upper management spend 50% of their time. Employees, in general, spend up to four hours every week just to prepare for status update meetings. According to Bain and Company, 15% of the collective time of an organization is spent in business meetings and this has… Continue Reading
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Is Business Process Outsourcing Growing in 2021?

Is business process outsourcing (BPO) growing in 2021?  I'm not going to fool you or mislead you. BPO is still going to grow and is still going to expand in 2021 for multiple reasons, even though remote working is now more popular than ever.  We are entering a new work ecosystem where companies are now starting or even getting used to having their employees station remotely. This work arrangement poses a risk of shutting down opportunities to certain types of businesses that normally operate with onsite teams. But regardless, remote companies still need to deal with certain operations and certain… Continue Reading
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32 Techniques for Stress Management

Excessive levels of stress—and the inability to deal with it—have been leading to major outbursts both personally and professionally, impacting the global economy. The Mental Health Foundation in the UK reports that 74% of people have felt so stressed out that they have been overwhelmed or unable to cope at all.  The American Psychological Association estimates that the $300 billion in losses every single year across the American economy can be attributed to stress factors. Stress management techniques have been explored in different depths, but access to information is limited—or at least, distributed sparingly. Schools and universities rarely focus on… Continue Reading
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How to Handle New Clients When Overbooked

Complaining about an influx of prospects may sound ridiculous to many. But in reality, growing businesses *can* attract new customers if they need to, considering they’ve been in business long enough to build a reputation or a portfolio, save some capital, and explore a couple of channels that get the job done. In this case, it’s more about investing a lot more into the channels that work, and restoring the long-term pipeline in exchange for a short financial hit. Additionally, ongoing leads are not uncommon—it’s the line up of truly qualified and suitable leads ready to adhere to a specific… Continue Reading
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10 Global Industries That Need Business Process Management the Most

To become and remain successful and rise above the competition, businesses must continuously improve and monitor their processes. Failure to do so may result in big financial losses, lower investment capital, reduced motivation in employees, and fewer satisfied customers.  This is why more and more companies worldwide are adopting business process management (BPM) applications in different flavors. BPM tools are designed to manage workflows in a consistent, repetitive model, providing an instrument for collaboration among all team members. According to the report led by Market Research Future, the BPM market is expected to grow to approximately USD $16 billion by… Continue Reading
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Why Your Business Needed A Business Process Management (BPM) Software Yesterday

If your company hasn’t grown to a fully-fledged corporation yet, you’re probably terrified (if not disgusted) from all the enterprise lingo - workflows, procedures, contingency plans, risk management (to name a few). But scaling an organization is impossible without the implementation of business process management (BPM) practices in-house.  NASA tanked $327.6M through its Mars Climate Orbiter mission crashing the satellite in 1999 due to a software localization error. Some international horror stories such as Chernobyl could have been prevented with the right contingency plans in place. Let alone the COVID-19 spread we’re all victims of nowadays.  Case in point, business… Continue Reading
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Top 10 Business Advisor Skills Your Company Can Benefit From

Gaining experience is not a solo adventure, and learning from the best is a shortcut that many people underuse. For business owners and executives who are wise enough to seek help, work with and learn from a reliable business consultant. Those who are much wiser take hints from how consultants work and what business advisor skills make them highly valuable to a company so they can benefit from adopting such skills. Often, your consultant does not need to have a similar background to you in order to be valuable or worthy of emulation. Tech businesses can benefit from non-tech consultants… Continue Reading